PotlatchDeltic(US:PCH)2025-07-11 11:11Financial Performance - Total Adjusted EBITDA for Q1 2020 was $47.6 million[16], compared to $46.6 million in Q4 2019[16], reflecting seasonally lower harvest volumes and real estate sales, but higher lumber prices and shipments[14] - Cash Available for Distribution (CAD) for the trailing twelve months ended March 31, 2020, was $105 million[8] - The company returned $39 million to shareholders in Q1 2020, including $27 million in dividends (5.1% yield) and $12 million in share repurchases[13] Segment Results - Timberlands Adjusted EBITDA for Q1 2020 was $35 million[12], 30% higher than Q1 2019[18], with 1.5 million tons harvested[12] - Wood Products Adjusted EBITDA for Q1 2020 was $13.2 million[48], with lumber shipments of 283 MMBF[12] and an average lumber price of $396 per MBF[43] - Real Estate Adjusted EBITDA for Q1 2020 was $7.3 million[58], with 4,439 non-strategic acres sold[12] Liquidity and Capital Structure - The company had $460 million of liquidity as of March 31, 2020[13] - The company plans to refinance $46 million of debt maturing in December 2020 and has locked interest rates on $654 million of refinances planned through January 2029[13] - A $101 million pension obligation was annuitized in Q1 2020[13] Outlook - The company anticipates lumber shipments between 230 and 240 MMBF for Q2 2020[69] - The company expects to sell approximately 5,500 rural acres and 15 development lots in Q2 2020[69]